41046 Federal Register / Vol. 88, No. 120 / Friday, June 23, 2023 / Proposed Rules 
1Portable Fuel Container Safety Act of 2020, 
codified at 15 U.S.C. 2056d, as stated in Public Law 
116–260, div. FF, title IX, § 901, available at: https://www.govinfo.gov/content/pkg/PLAW- 116publ260/pdf/PLAW-116publ260.pdf. address the flight training in ELSA due 
to the expanded scope. Therefore, while the concurrently published NPRM contains some similar provisions, proposed amendments to § 91.319 are significantly different from the changes proposed in ELSA and comments to the ELSA NPRM are no longer applicable. The public may view and provide comments on the concurrently published ‘‘Public Aircraft Logging of Flight Time, Training in Certain Aircraft Holding Special Airworthiness Certificates, and Flight Instructor Privileges’’ NPRM. 
Conclusion 
Withdrawal of Notice No. 18–02 does 
not preclude the FAA from issuing 
rulemaking on the subject in the future or commit the agency to any future course of action. The FAA will make necessary changes to the Code of Federal Regulations through an NPRM with opportunity for public comment in the new rulemaking project. 
Therefore, the FAA withdraws Notice 
No. 18–02, FR Doc. 2018–23270, published at 83 FR 53590 on October 24, 2018. 
Issued under authority provided by 49 
U.S.C. 106(f), 44701(a), and 44703 in 
Washington, DC. 
Wesley L. Mooty, Acting Deputy Executive Director, Flight 
Standards Service. 
[FR Doc. 2023–13024 Filed 6–22–23; 8:45 am] 
BILLING CODE 4910–13–P 
CONSUMER PRODUCT SAFETY 
COMMISSION 
16 CFR Chapter II 
[Docket No. CPSC–2022–0017] 
Notice of Availability of Updated ASTM 
Standard Under the Portable Fuel Container Safety Act 
AGENCY : Consumer Product Safety 
Commission. 
ACTION : Notification of availability and 
request for comment. 
SUMMARY : In January 2023, the U.S. 
Consumer Product Safety Commission determined under the Portable Fuel Container Safety Act of 2020 (PFCSA) that ASTM F3429/F3429M–20 is a mandatory consumer product safety rule that impedes the propagation of flames into pre-filled portable fuel containers covered by the standard. ASTM has since notified the Commission that it has revised this voluntary standard. CPSC seeks comment on whether the revision meets the requirements of the PFCSA. DATES : Comments must be received by 
July 7, 2023. 
ADDRESSES : Submit comments, 
identified by Docket No. CPSC–2022– 
0017, by any of the following methods: 
Electronic Submissions: Submit 
electronic comments to the Federal eRulemaking Portal at: https://www.regulations.gov. Follow the 
instructions for submitting comments. Do not submit through this website: confidential business information, trade secret information, or other sensitive or protected information that you do not want to be available to the public. CPSC typically does not accept comments submitted by electronic mail (email), except as described below. 
Mail/Hand Delivery/Courier/ 
Confidential Written Submissions: CPSC encourages you to submit electronic comments by using the Federal eRulemaking Portal. You may, however, 
submit comments by mail, hand delivery, or courier to: Office of the Secretary, Consumer Product Safety Commission, 4330 East West Highway, Bethesda, MD 20814; telephone: (301) 504–7479. 
Instructions: All submissions must 
include the agency name and docket number. CPSC may post all comments without change, including any personal identifiers, contact information, or other personal information provided, to https://www.regulations.gov. If you wish 
to submit confidential business information, trade secret information, or other sensitive or protected information that you do not want to be available to the public, you may submit such comments by mail, hand delivery, or courier, or you may email them to: cpsc- os@cpsc.gov. 
Docket: For access to the docket to 
read background documents or comments received, go to: https://www.regulations.gov, and insert the 
docket number, CPSC–2022–0017, into the ‘‘Search’’ box, and follow the prompts. 
FOR FURTHER INFORMATION CONTACT : 
Scott Ayers, U.S. Consumer Product Safety Commission, 5 Research Place, Rockville, MD 20850; telephone: 301– 987–2030; email: sayers@cpsc.gov. 
SUPPLEMENTARY INFORMATION : The 
PFCSA1requires the Commission to 
promulgate a final rule to require flame mitigation devices in portable fuel containers that impede the propagation of flame into the container. 15 U.S.C. 2056d(b)(1), (2). However, the Commission is not required to promulgate a final rule for a class of portable fuel containers within the scope of the PFCSA if the Commission determines at any time that: 
•There is a voluntary standard for 
flame mitigation devices for those containers that impedes the propagation of flame into the container; 
•The voluntary standard is or will be 
in effect not later than 18 months after the date of enactment of the PFCSA; and 
•The voluntary standard is 
developed by ASTM International or such other standard development organization that the Commission determines to have met the intent of the PFCSA. 
15 U.S.C. 2056d(b)(3)(A). Any such 
Commission determinations regarding applicable voluntary standards must be published in the Federal Register, and the requirements of such a voluntary standard ‘‘shall be treated as a consumer product safety rule.’’ 15 U.S.C. 2056d(b)(3)(B) and (b)(4). 
Under this authority, on January 13, 
2023, the Commission published a document determining that three voluntary standards for portable fuel containers meet the requirements of the PFCSA and will be treated as consumer product safety rules: ASTM F3429/ F3429M–20 (prefilled containers), ASTM F3326–21 (containers sold empty), and section 18 of UL 30:2022 (safety cans). 88 FR 2206. 
Portable fuel containers sold pre-filled 
are within the scope of ASTM F3429/ F3429M, Standard Specification for 
Performance of Flame Mitigation Devices Installed in Disposable and Pre- Filled Flammable Liquid Containers. ASTM lists the standard as a dual standard in inch-pound (F3429 designation) and metric (F3429M designation) units. ASTM F3429/ F3429M was first published in 2020. ASTM published a revised version of ASTM F3429/F3429M–20 in May 2023, as ASTM F3429/F3429M–23. On June 12, 2023, ASTM notified the Commission that it had approved and published ASTM F3429/F3429M–23. 
Under section (b)(5) of the PFCSA, if 
the requirements of a voluntary standard that meet the requirements of section (b). 
(3) are subsequently revised, the 
organization that revised the standard shall notify the Commission after the final approval of the revision. Any such revision to the voluntary standard shall become enforceable as a consumer product safety rule not later than 180 days after the Commission is notified of a revised voluntary standard that meets the conditions of section (b)(3) (or such 
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2The Commission voted 4–0 to publish this 
notification. 1Section 302 of the Employee Retirement Income 
Security Act of 1974, Public Law 93–406, 88 Stat. 
829 (1974), as amended (ERISA) sets forth funding rules that are parallel to those in section 412 of the Code, and section 303 of ERISA sets forth additional funding rules for defined benefit plans (other than multiemployer plans) that are parallel to those in section 430 of the Code. Pursuant to section 101 of Reorganization Plan No. 4 of 1978, 5 U.S.C. App., as amended, the Secretary of the Treasury has interpretive jurisdiction over the subject matter addressed in these regulations for purposes of ERISA, as well as the Code. Thus, these Treasury regulations issued under section 430 of the Code also apply for purposes of section 303 of ERISA. later date as the Commission determines 
appropriate), in place of the prior version, unless within 90 days after receiving the notice the Commission determines that the revised voluntary standard does not meet the requirements described in section (b)(3) of the PFCSA. 15 U.S.C. 2056d(b)(5). 
CPSC staff is assessing the revised 
voluntary standard to determine, consistent with section (b)(5) of the PFCSA, whether the revisions in ASTM F3429/F3429M–23 meet the requirements of section (b)(3)(A) of the PFCSA listed above. The Commission invites public comment on that question, to inform staff’s assessment and any subsequent Commission consideration of the revisions in ASTM F3429/F3429M–23.
2 
ASTM F3429/F3429M–23 is available 
for review in several ways. ASTM has provided on its website (at https://www.astm.org/CPSC.htm), at no cost, a read-only copy of the 2023 revisions to ASTM F3429/F3429M, including a red- lined version that identifies the changes made to ASTM F3429/F3429M–20. Likewise, a read-only copy of the existing standard (ASTM F3429/ F3429M–20) is available for viewing, at no cost, on the ASTM website at: https://www.astm.org/READINGLIBRARY/. Interested parties 
can also download copies of the standards by purchasing them from ASTM International, 100 Barr Harbor Drive, P.O. Box C700, West Conshohocken, PA 19428–2959; phone: 610–832–9585; https://www.astm.org. 
Alternatively, interested parties can schedule an appointment to inspect copies of the standards at CPSC’s Office of the Secretary, U.S. Consumer Product Safety Commission, 4330 East West Highway, Bethesda, MD 20814, telephone: 301–504–7479. 
Comments must be received by July 7, 
2023. Because of the short statutory time frame Congress established for the Commission to consider revised voluntary standards under section (b)(5) of the PFCSA, CPSC will not consider comments received after this date. 
Alberta E. Mills, 
Secretary, Consumer Product Safety 
Commission. 
[FR Doc. 2023–13351 Filed 6–22–23; 8:45 am] 
BILLING CODE 6355–01–P DEPARTMENT OF THE TREASURY 
Internal Revenue Service 
26 CFR Part 1 
[REG–124123–22] 
RIN 1545–BQ57 
Corporate Bond Yield Curve for 
Determining Present Value 
AGENCY : Internal Revenue Service (IRS), 
Treasury. 
ACTION : Notice of proposed rulemaking 
and notice of public hearing. 
SUMMARY : This document sets forth 
proposed regulations specifying the methodology for constructing the corporate bond yield curve that is used to derive the interest rates used in calculating present value and making other calculations under a defined benefit plan, as well as for discounting unpaid losses and estimated salvage recoverable of insurance companies. These regulations affect participants in, beneficiaries of, employers maintaining, and administrators of certain retirement plans, as well as insurance companies. 
DATES : Written or electronic comments 
must be received by August 22, 2023. A public hearing on this proposed regulation has been scheduled for August 30, 2023 at 10:00 a.m. ET. Requests to speak and outlines of topics to be discussed at the public hearing must be received by August 22, 2023. If no outlines are received by August 22, 2023, the public hearing will be cancelled. Requests to attend the public hearing must be received by 5:00 p.m. ET on August 28, 2023. The public hearing will be made accessible to people with disabilities. Requests for special assistance during the public hearing must be received by August 25, 2023. 
ADDRESSES : Commenters are strongly 
encouraged to submit public comments electronically via the Federal eRulemaking Portal at www.regulations.gov (indicate IRS and 
REG–124123–22) by following the online instructions for submitting comments. Requests for a public hearing must be submitted as prescribed in the ‘‘Comments and Requests for a Public Hearing’’ section. Once submitted to the Federal eRulemaking Portal, comments cannot be edited or withdrawn. The Department of the Treasury (Treasury Department) and the IRS will publish for public availability any comments submitted to the IRS’s public docket. Send paper submissions to: CC:PA:LPD:PR (REG–124123–22), room 5203, Internal Revenue Service, P.O. Box 7604, Ben Franklin Station, Washington, DC 20044. 
FOR FURTHER INFORMATION CONTACT : 
Concerning the regulations, Arslan Malik or Linda S.F. Marshall at (202) 317–6700 (not a toll-free number); concerning submissions of comments, the hearing, and/or to be placed on the building access list to attend the hearing, Vivian Hayes at (202) 317–5306 (not a toll-free number) or by sending an email to publichearings@irs.gov (preferred). 
SUPPLEMENTARY INFORMATION : 
Background 
Section 412 of the Internal Revenue 
Code (Code) prescribes minimum funding requirements for defined benefit pension plans. Section 430 specifies the minimum funding requirements that apply generally to defined benefit plans that are not multiemployer plans.
1For a plan 
subject to section 430, section 430(a) defines the minimum required contribution for a plan year by reference to the plan’s funding target for the plan year. Under section 430(d)(1), a plan’s funding target for a plan year generally is the present value of all benefits accrued or earned under the plan as of the first day of that plan year. 
Section 430(h)(2) provides rules 
regarding the interest rates to be used under section 430. Section 430(h)(2)(B) provides that a plan’s funding target and target normal cost for a plan year are determined using three interest rates: (1) the first segment rate, which applies to benefits reasonably determined to be payable during the 5-year period beginning on the valuation date; (2) the second segment rate, which applies to benefits reasonably determined to be payable during the next 15-year period; and (3) the third segment rate, which applies to benefits reasonably determined to be paid after that 15-year period. Under section 430(h)(2)(C)(i) through (iii), each of these segment rates is determined for a month on the basis of the corporate bond yield curve for the month, taking into account only that 
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